Bank of New York Mellon Corp lessened its holdings in shares of AutoNation, Inc. (NYSE:AN) by 10.3% in the 4th quarter, Holdings Channel reports. The firm owned 787,808 shares of the company’s stock after selling 90,474 shares during the quarter. Bank of New York Mellon Corp’s holdings in AutoNation were worth $40,438,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AN. Nationwide Fund Advisors lifted its holdings in shares of AutoNation by 300.0% during the 3rd quarter. Nationwide Fund Advisors now owns 121,771 shares of the company’s stock valued at $5,779,000 after purchasing an additional 91,329 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of AutoNation by 12.4% during the 3rd quarter. Aperio Group LLC now owns 19,476 shares of the company’s stock valued at $924,000 after purchasing an additional 2,153 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of AutoNation during the 3rd quarter valued at $590,000. State of Wisconsin Investment Board lifted its holdings in shares of AutoNation by 17.3% during the 3rd quarter. State of Wisconsin Investment Board now owns 60,169 shares of the company’s stock valued at $2,856,000 after purchasing an additional 8,872 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in shares of AutoNation by 233.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 60,000 shares of the company’s stock valued at $2,848,000 after purchasing an additional 41,998 shares during the last quarter. Hedge funds and other institutional investors own 69.21% of the company’s stock.
Several analysts have recently commented on the company. Bank of America set a $68.00 price objective on AutoNation and gave the company a “hold” rating in a report on Friday, February 9th. Jefferies Group reiterated a “hold” rating and set a $60.00 price objective on shares of AutoNation in a report on Friday, February 2nd. Finally, Moffett Nathanson assumed coverage on AutoNation in a report on Monday, December 4th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.33.
AutoNation (NYSE:AN) last issued its earnings results on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.10. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. analysts forecast that AutoNation, Inc. will post 4.92 earnings per share for the current fiscal year.
In related news, Director Robert R. Grusky sold 5,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the director now owns 37,677 shares in the company, valued at approximately $2,260,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert R. Grusky sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the transaction, the director now owns 32,677 shares of the company’s stock, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $1,094,900 in the last 90 days. 3.10% of the stock is currently owned by company insiders.
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AutoNation Company Profile
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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